Cameco (CCJ) had a streaking rally as uranium prices shot higher in early September and has since pulled back with the same volatility (read: price velocity) it exhibited on the upside. It is now hanging just below the20-dema, such that any sustained move back above the line would constitute a moving average undercut & rally (MAU&R) long entry triggere where one can use the lows of the past few days at around 20.55-20.63 as a selling guide or the 20-dema as a very tight selling guide.
Undercut & Rally - Cameco (CCJ) 9/23/21
|Published:||23 Sep 2021 13:48 ET|
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